Italian fashion designer Giorgio Armani and Dubai’s Emaar Properties intend to triple to as many as 30 the number of luxury hotels they develop together on, Emaar’s chairman, Mohamed AlAbbar, was quoted as saying.
During 2005, Armani granted Emaar the right to build at least 10 luxury hotels and resorts during the next decade. “If we can do 25 or 30, somewhere around that number, that’ll be something we can work with,” AlAbbar said during the World Economic Forum at Davos.
